King's College Hospital Charity - Annual Report & Accounts 2020-21 - Flipbook - Page 25
Independent Auditor’s report to the Members of King’s College Hospital Charity
or apparent material misstatements, we are required
to determine whether there is a material misstatement
in the financial statements or a material misstatement
of the other information. If, based on the work we
have performed, we conclude that there is a material
misstatement of this other information, we are required
to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the
Companies Act 2006
In our opinion, based on the work undertaken in the
course of the audit:
the information given in the Trustees’ report for the
financial year for which the financial statements are
prepared is consistent with the financial statements;
and
the Trustees’ report has been prepared in accordance
with applicable legal requirements.
Matters on which we are required to report
by exception
In the light of the knowledge and understanding of the
charitable company and its environment obtained in
the course of the audit, we have not identified material
misstatements in the Trustees’ report.
We have nothing to report in respect of the following
matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion:
adequate accounting records have not been kept by
the charitable company; or
the financial statements are not in agreement with
the accounting records and returns; or
certain disclosures of Trustees’ remuneration
specified by law are not made; or
we have not received all the information and
explanations we require for our audit; or
the Trustees were not entitled to prepare the financial
statements in accordance with the small companies
regime and take advantage of the small companies’
exemptions in preparing the trustees’ report and
from the requirement to prepare a strategic report.
Responsibilities of Trustees
As explained more fully in the Trustees’ responsibilities
statement, the Trustees are responsible for the
preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such
internal control as the Trustees determine is necessary
to enable the preparation of financial statements that
are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the Trustees are
responsible for assessing the charitable company’s
ability to continue as a going concern, disclosing,
as applicable, matters related to going concern and
using the going concern basis of accounting unless
the trustees either intend to liquidate the charitable
company or to cease operations, or have no realistic
alternative but to do so.
Auditor’s responsibilities for the audit of the
financial statements
Our objectives are to obtain reasonable assurance
about whether the financial statements as a whole
are free from material misstatement, whether due
to fraud or error, and to issue an auditor’s report
that includes our opinion. Reasonable assurance is
a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAs (UK) will
always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate,
they could reasonably be expected to influence the
economic decisions of users taken on the basis of
these financial statements.
A further description of our responsibilities for
the audit of the financial statements is located
on the Financial Reporting Council’s website at
www.frc.org.uk/auditorsresponsibilities.
This description forms part of our auditor’s report.
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